PayTech

Wayflyer has revealed that it has secured $1bn in capital from investment management firm Neuberger Berman.

myZoi has raised $14m and obtained two regulatory licenses from the Central Bank of the UAE, as it looks to bolster financial inclusion across the UAE.

Mastercard and Fintech Saudi have announced that they have signed a Memorandum of Understanding (MoU) to advance the growth and development of the Saudi Arabian FinTech industry. 

ThetaRay, a player in next-generation AI-driven secure global payments with a presence in diverse locations, has bagged $57m in funding.

Travelex has introduced its prepaid foreign currency card to the Asian market with the launch of the eponymous Money Card in Japan.

Indian eCommerce and payments firm Paytm debuted a new payment acceptance tool for merchants.

Only 51% of UK bank employees recommend their institutions' international payments services, according to a revealing survey commissioned by Wise. The findings underscore the pressing need for banks to revamp their cross-border payments solutions if they hope to stay competitive against dedicated international payment providers.

iMin Technology has secured $5m in Series Pre-A funding round, as the demand for digital commercial devices like point-of-sale terminals, industrial scanners, and self-service kiosks continues to rise globally.

Experlogix has expanded its suite of B2B commerce offerings to the North American market, optimising it to support operations in across the continent.

Qashier, a Singapore-based payments system provider, has impressively amassed US$10m in a series A funding round.